Greek Bond Yields Hit Multiyear Highs

TODAY: April 21, 2015 PUB DATE: April 21, 2015

Greek government bond yields rose to fresh multiyear highs on Tuesday, driven by swelling concerns over the future of the country's beleaguered economy ahead of a key meeting of eurozone finance ministers later in the week. In early trade, the ...

Eurozone Government Debts Rose in 2014

TODAY: April 21, 2015 PUB DATE: April 21, 2015

The combined budget deficit of the eurozone's member governments narrowed again in 2014, but their combined debts continued to rise as low rates of inflation and weak economic growth damped tax revenues. The European Union's statistics agency said Tuesday the ...

Oil Futures Rangebound as Markets Assess Supply Levels

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Eric Yep Crude-oil futures moved in a narrow price range in Asian trade Tuesday with investors closely tracking oil production levels in the U.S. and the Organization of the Petroleum Exporting Countries. On the New York Mercantile Exchange, light, ...

Atlantic City Managers In Talks to Hire Restructuring Lawyers

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Josh Dawsey and Matt Jarzemsky An emergency manager tapped by New Jersey Gov. Chris Christie to study Atlantic City's deteriorating finances is preparing to interview restructuring lawyers, marking the latest step by authorities to tackle the city's woes. Hiring ...

Asian Shares: Hong Kong Stocks Rebound -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Chao Deng Stocks in Hong Kong rebounded Tuesday from their largest tumble of the year, while Australian shares inched higher after the country's central bank governor paved the way for a further rate cut. The Hang Seng Index was ...

China Resources Enterprise to Sell Non-Beer Assets

TODAY: April 21, 2015 PUB DATE: April 21, 2015

HONG KONG--Beverage and retail conglomerate China Resources Enterprise Ltd. (0291.HK) said Tuesday it will sell its non-beer business to its state-owned parent for HK$28 billion (US$3.6 billion). The Hong Kong-listed company said it will sell the non-beer business--with total assets ...

Large Stock Builds to Keep Pressuring Oil Price - BP Chief Economist

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Sarah Kent LAUSANNE, Switzerland--Oil prices could remain under pressure through 2016 as significant stock builds now take time to be absorbed into the market, and even after supply and demand becomes more balanced, BP PLC's chief economist said Tuesday. ...

EU Puts Thailand On the Hook Over Illegal Fishing

TODAY: April 21, 2015 PUB DATE: April 21, 2015

MANILA--The European Union said Tuesday it will ban seafood from Thailand unless it clamps down on illegal fishing, while removing a similar threat from the Philippines and South Korea. Thailand was given six months to clean up its fishing industry, ...

United Tech Sales Fall on Strong Dollar, Sikorsky Decline -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Angela Chen United Technologies Corp. said Tuesday that sales fell about 1% in the March because of the strengthening dollar, as well as a decline in its Sikorsky aircraft segment. Earnings beat Wall Street expectations, though revenue fell short. ...

Teva Offers to Buy Mylan for $40 Billion -- 2nd Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Jonathan D. Rockoff Teva Pharmaceutical Industries Ltd. has proposed to acquire generic-drug rival Mylan NV for about $40 billion in cash and stock. A Mylan spokesman couldn't immediately be reached to comment. The offer's per-share value is $82, which ...

U.S. Treasury Bonds Higher; Greek Bonds Sell Off

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Min Zeng U.S. government bonds strengthened on Tuesday as buyers stepped in after Monday's price pullback. Worries over a potential default by Greece on its sovereign bonds boosted the allure of haven assets. Meanwhile, bond buyers expect the Federal ...

Goldman Takes Minority Stake in Telecom Provider Perseus

TODAY: April 21, 2015 PUB DATE: April 21, 2015

Goldman Sachs Group Inc. made a $20.5 million investment in Perseus Telecom, a provider of high-speed telecommunications for exchanges, banks and other financial institutions, the companies said Tuesday. The investment is for a minority stake in the company, said Jock ...

Booking.com to Further Loosen Hotel Contracts in European Antitrust Settlement

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Sam Schechner PARIS--Online travel agent Booking.com has agreed to further loosen controversial parity clauses in its contracts with hotels in several European countries, settling allegations that the contracts are hurting competition in online hotel reservations. Booking.com, owned by U.S.-based ...

BlackBerry to Buy WatchDox -- Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Dana Mattioli And Ben Dummett BlackBerry Ltd. confirmed Tuesday it would buy closely held WatchDox Ltd., its latest niche acquisition aimed at boosting sales of mobile security offerings to government and corporate customers. The deal also gives the Canadian ...

CURRENCIES: As Greece Fears Fade, Dollar Volatility Subsides

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Joseph Adinolfi and Carla Mozee, MarketWatch , Hiroyuki Kachi Rising Treasury yields led to a selloff in the buck, analysts say The dollar was little-changed Tuesday from its levels a day earlier as worries about Greece appeared to recede. ...

Teva's Deal for Mylan Shows Corporate Israel's M&A Hunger

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Nicholas Casey And Orr Hirschauge TEL AVIV-- Teva Pharmaceutical Industries Ltd.'s $40 billion offer for Mylan NV marks corporate Israel's biggest foreign foray and caps years of hand-wringing about the inability of the country to nurture big multinationals, analysts ...

Wells Fargo Eyes GE Commercial Lender -- 2d Update

TODAY: April 21, 2015 PUB DATE: April 21, 2015

By Ted Mann, Emily Glazer and Dana Mattioli Wells Fargo & Co. is in talks to buy all or part of General Electric Co.'s biggest lending operation, a move that could help the San Francisco bank extend its lead in ...